Cresud Files Q1 2025 Financials

TL;DR

Cresud dropped its Q1 2025 financials, check for real estate & ag performance.

AI Summary

Cresud Sociedad Anónima, a real estate and agricultural company, filed its unaudited condensed interim consolidated financial statements for the first quarter of fiscal year 2025, ending September 30, 2024. The filing includes comparative data for the three-month period. The company's legal address is Carlos Della Paolera 261, 9th floor, Buenos Aires, Argentina, and its fiscal year began on July 1, 2024.

Why It Matters

This filing provides investors with an update on Cresud's financial performance and position as of the end of the first quarter of its 2025 fiscal year.

Risk Assessment

Risk Level: low — This is a routine financial filing providing an update on the company's performance.

Key Players & Entities

• Cresud Sociedad Anónima (company) — Filer of the financial statements
• September 30, 2024 (date) — End date of the reporting period
• July 1, 2024 (date) — Start date of the fiscal year
• Carlos Della Paolera 261 (address) — Company's legal address

FAQ

Filing Documents

• cresud1q25.htm (6-K) — 3787KB
• 0001654954-24-014775.txt ( ) — 3788KB

Financial Statements

Financial Statements   Unaudited Condensed Interim Consolidated Financial EHSA   Entertainment Holdings S.A. CPF   Collective Promotion Funds GCDI   GCDI S.A. IDBD   IDB Development Corporation Ltd. IFISA   Inversiones Financieras del Sur S.A. IPC   Consumer's price index IRSA   IRSA Inversiones y Representaciones S.A. MEP   Electronic Payment Market New Lipstick   New Lipstick LLC IAS   International Accounting Standards IFRS   International Financial Reporting Standards NIS   New Israeli Shekel Puerto Retiro   Puerto Retiro S.A. Quality   Quality Invest S.A.             Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria   Unaudited Condensed Interim Consolidated Statement of Financial Position as of September 30, 2024 and June 30, 2024 (All amounts in millions of Argentine pesos, except otherwise indicated) Free translation from the original prepared in Spanish for publication in Argentina     Note   09.30.2024     06.30.2024   ASSETS               Non-current assets               Investment

properties

properties 8     1,750,699       1,962,634   Property, plant and equipment 9     567,616       572,408   Trading

properties

properties 10     20,820       21,903   Intangible assets 11     76,707       81,276   Group of assets held for sale       -       2,911   Right-of-use assets 12     102,009       89,688   Biological assets 13     35,270       31,425   Investment in associates and joint ventures 7     159,594       154,294   Deferred income tax assets 21     11,216       10,936   Income tax credit       14       15   Restricted assets 15     3,027       3,049   Trade and other receivables 16     157,509       158,870   Investment in financial assets 15     8,860       11,555   Derivative financial instruments 15     1,249       1,374   Total non-current assets       2,894,590       3,102,338   Current assets                   Trading

properties

properties 10     583       461   Biological assets 13     40,588       65,355   Inventories 14     137,982       130,386   Income tax credit       1,642       2,578   Trade and other receivables 16     324,597       293,406   Investment in financial assets 15     193,467       163,826   Derivative financial instruments 15     7,880       7,540   Cash and cash equivalents 15     98,112       128,542   Total current assets       804,851       792,094   TOTAL ASSETS       3,699,441       3,894,432   SHAREHOLDERS’ EQUITY                   Shareholders' equity (according to corresponding statement)       746,726       780,704   Non-controlling interest       913,238       972,923   TOTAL SHAREHOLDERS' EQUITY       1,659,964       1,753,627   LIABILITIES                   Non-current liabilities                   Trade and other payables 18     56,490       56,721   Borrowings 20     493,537       533,286   Deferred income tax liabilities 21     626,620       715,581   Provisions 19     24,070       24,199   Payroll and social security liabilities       2,894       1,501   Income tax liabilities &#xA0

properties

properties 8     (222,211 )     311,893   Gain from disposal of farmlands       21,963       85   General and administrative expenses 24     (19,928 )     (7,123 ) Selling expenses 24     (18,333 )     (17,624 ) Other operating results, net 25     (116 )     9,787   Management fees       -       (14,056 ) (Loss) / Profit from operations       (172,626 )     359,771   Share of profit of associates and joint ventures 7     7,169       5,824   (Loss) / Profit before financial results and income tax       (165,457 )     365,595   Finance income 26     4,164       7,839   Finance cost 26     (18,052 )     (20,207 ) Other financial results 26     53,060       (11,102 ) Inflation adjustment 26     (6,909 )     29,343   Financial results, net 26     32,263       5,873   (Loss) / Profit before income tax       (133,194 )     371,468   Income tax 21     60,820       (127,452 ) (Loss) / Profit for the period       (72,374 )     244,016                                       Other comprehensive (loss) / income:                   Items that may be reclassified subsequently to profit or loss:                 Currency translation adjustment and other comprehensive results from subsidiaries and associ

Financial Statements as of June 30, 2024

Financial Statements as of June 30, 2024. (ii) As of September 30, 2024, the remaining warrants to exercise amount to 84,261,280. See Note 31 to these Financial Statements. (iii) Group’s other reserves for the period ended September 30, 2024 are comprised as follows:          Cost of treasury shares      Reserve for currency translation adjustment      Reserve for future dividends      Reserve for the acquisition of securities issued by the Company      Special reserve      Other reserves (i)      Total other reserves   Balance as of June 30, 2024     (3,110 )     (8,232 )     30,943       2,200       147,618       3,497       172,916   Other comprehensive (loss) / income for the period     -       (6,640 )     -       -       -       245       (6,395 ) Total comprehensive (loss) / income for the period     -       (6,640 )     -       -       -       245       (6,395 ) Changes in non-controlling interest     -       -       -       -       -       (2,045 )     (2,045 ) Reserve for share-based payments     123       -       -       -       -       -       123   Balance as of September 30, 2024     (2,987 )     (14,872 )     30,943       2,200       147,618  

Financial Statements

Financial Statements.             )       )       Marcelo H. Fuxman Síndico Titular Por Comisión Fiscalizadora     Alejandro G. Elsztain Vice President II       3 Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria   Unaudited Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity for the three-month period ended September 30, 2023 (All amounts in millions of Argentine pesos, except otherwise indicated) Free translation from the original prepared in Spanish for publication in Argentina        Attributable to equity holders of the parent                    Share capital                                                                    Outstanding shares      Treasury shares      Inflation adjustment of share capital and treasury shares (i)      Warrants      Share premium      Additional paid-in capital from treasury shares      Legal reserve      Other reserves (ii)      Retained earnings      Subtotal      Non-controlling interest      Total Shareholders' equity   Balance as of June 30, 2023     586       7       228,462       21,271       282,778       (15,963 )     21,865      

View Full Filing

View this 6-K filing on SEC EDGAR